Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells 141,909 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $23.20, for a total value of $3,292,288.80. Following the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $81,078,617.60. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Stock Performance

LUNR stock traded up $0.66 during trading on Wednesday, reaching $23.39. 17,961,636 shares of the company traded hands, compared to its average volume of 14,590,814. Intuitive Machines, Inc. has a 12 month low of $6.75 and a 12 month high of $25.00. The business has a 50 day simple moving average of $18.51 and a 200 day simple moving average of $15.06. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -31.61 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to the consensus estimate of $53.37 million. As a group, research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Invesco Ltd. lifted its holdings in shares of Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after purchasing an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Intuitive Machines by 43.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares during the period. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines during the first quarter worth about $139,000. Creative Planning lifted its holdings in shares of Intuitive Machines by 29.3% during the second quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after purchasing an additional 6,886 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after purchasing an additional 2,506 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Cantor Fitzgerald raised their price target on Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Stifel Nicolaus raised their price target on Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.94.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.